Cardano’s ADA token rose 2% to $0.87 in 24 hours, following a crypto market recovery. The CoinDesk 20 Index increased by 2.8% during the same period. Traders considered the possibility of a September interest rate cut by the Federal Reserve and the SEC’s extension of the review of Grayscale’s Cardano ETF until late October 2025. ADA traded in a $0.04 range, with high volatility and increased trading volume. The price stabilized at $0.86, indicating potential institutional accumulation before a rally. Lower interest rates could support altcoins over bitcoin, as seen with the recent market rebound and SEC’s delay of Grayscale’s Cardano ETF.

Read more at Yahoo Finance: Cardano Gains 2%, Shrugs Off ETF Delay